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Apple Vendor Foxconn Invests $1.48 Billion in India via Singapore Arm
May 20, 2025
|The New Indian Express Chennai
APPLE vendor Foxconn has invested $1.48 billion (about ₹12,800 crore) in its India facility in the last five days, the company said in a regulatory note on Monday.
The Taiwan-based company has made an investment in its Tamil Nadu unit, Yuzhan Technology (India) Private Limited, through its Singapore-based subsidiary.
Foxconn Singapore Pte has acquired 9,999 shares at ₹10 per share at a premium of Yuzhan Technology, taking the total transaction value to $1.489 billion. The investment comes at a time when Apple is planning to enhance production of iPhones in India.
هذه القصة من طبعة May 20, 2025 من The New Indian Express Chennai.
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